tldr (tim reilly) on Warpcast

Vitalik Buterin pfp

Vitalik Buterin

I guess I started an accidental AMA on which parts of the crypto space are good and which I'm so far not excited about, along with other big picture vision questions: https://x.com/VitalikButerin/status/1827583576751181961 You should feel free to ask questions here too! Let's see if Farcaster can come up with higher-quality questions than the other app :)

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tldr (tim reilly) pfp

tldr (tim reilly)

“If we get lots of people using USDC, that creates a situation where it becomes easier for people to move to other more decentralized stablecoins too.” ^ this is a good specific example where a partial compromise of decentralized principles (one of the primary things you don’t support) seems very useful for spreading decentralized systems as a whole, and therefore seems net good. (I would argue that Coinbase is another, on a pretty large scale. But this is not an uncontroversial topic within the deep crypto space.) Do you have any heuristic for when compromises to decentralized principles go too far?

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Vitalik Buterin pfp

Vitalik Buterin

My main worry is when they start entrenching network effects that become hard to undo. For example, if we start normalizing "sign in to this crypto social thing with Google", I think that's really bad, UNLESS it's done in an account-abstraction way where under the hood it's using zk-email and individual users can sign in with their ethereum account instead (and convert their account from one to the other). This way, it's not entrenching network effects of centralized web2 platforms, it's actually creating a bridge that lets users join the ecosystem with them, but then more easily migrate away from them.

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Timmy pfp

I would say it's people and their belief, or point of view on it. For regular user doesn't make any differences web2 or 3 except if it's intuitive and easy to use. I just had to explain my friend how to transfer money through exchange and he was overwhelmed with it. Wallet's, network, etc. is just too much of experience for regular user. People are more likely to drop it off, then learn something that doesn't make sense to them, something that doesn't make much of impact on their daily experience. Due to negative impact of crypto " it's a scam" people doesn't want to get involve in it, simple because of risk's. And that's what i hate, when it's comes to crypto, people only talk about the money, but not the idea that is brings to the world, about web3, same, people simply don't and won't to understand it. If Pasha (god please no) will get sentence in jail, maybe it will create in people's mind that, nobody safe, and the best alternative is Web3.

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